Oh, I see. Hmmm. Most of those people would be better off just buying a treasury bond or investing in the S&P instead of dabbling in automated holy grail fixed formula attempts. I generate a percentage return more than those guys. I'll stick to what I'm doing and know
Interesting thread. Let's see the code that has been offered. I believe that 5min time frames hold too much noise so they are almost impossible to automate.
working on it off and on might be a few days to get it honed in. i am going to use day session only and let it run or i can make it a day session only..
Good Evening HawaiianIceberg, Listen to what @MarkBrown has to say. He has DEFINETLY helped my trading times 100%, alot!!!!! I always struggles with the trading range and trading trend stuff. Al Brooks teaches it. I gave up trying to understand it. Every day I clicked until my eyes and head hurt every day from 8:30am to 3pm in the ES futures market. Then I at night time I play video games. I know this sounds painful, but I have to do what I have to do put money in my pocket and grow my equity curve 45 degree. It is nearly impossible to learn trading without clicking. I know other ET members will disagree with me, but I do not care, better to just give up learning and start clicking. Overtime, I trust my eyes and my best guess then anything out there for sale. This is what it takes to be an ES Futures Market Master.
A trader will never be truly great unless they understand the ocean depth of what they are trading. Way too many traders buy a book that teaches blind surface scalping without realizing the why and how I suppose a trader fisherman can still carve out a living that way, but it's out of sheer luck and circumstance a random fish hooks your random bait at that random time in that vast ocean of a million possibilities
Good Evening LionsWarthogsMillions, I never read a trading Book or investing book in my life. And I never ever will. Complete waste of time. To be an ES Futures Trader Master you have to be willing to die an earlier death to get very rich quickly. A book can not teach you anything. You gotta be willing to die in this trading to be successful. It's not for play around people. There is no way around it.
I agree that with big money requires big risks, definitely. We're trading for true money, not sleepy conservative boring impotent limp gains. But you still have to understand the game, the trade, the process, the art. Continually asks yourself what are your expectations, and is the future chart line graph matching those. If not, continually dissect and question Once your initial future expectations match reality.... that's the Holy Grail of trading, and that's when Floyd Mayweather money comes
Yea, first 19 years of intraday I believed what you wrote, first ten years thought it was luck. But after 19 years you see the real score of thinking what an assholes way of thinking this was going to make more than long term. Man o man, time was 50 times more time to learn intraday/programming than long term. BUT, you do learn it is not luck, but no matter how much of drawdown in past, YOU WILL lose more at some point. First 19 years, but the lots put on increase, use to put tape on screen so I couldn't see amount of money make or lose. It's about automation doing correct rules in right order or something new you learn and code adaptive rules. I did it once long ago on a BB and most back then said I was too dumb to trade 500 lots of ES in 2001 per signal. I was dumb as I posted a daily statement, never again. I own seats to get costs down, 2001 had 20 million alloted for intraday trading. Rest was for long term commodities. Today I base it on one lots trading 3 shifts. average per day. $1530/ week. $7650/ month $30,600 This is a system that has 9 patterns, goal of each pattern netting $100 and that pattern quits for that shift. I have other systems where losing % are 4.5% to nil. System that seldom losses I cut back signals, force occasional losses and volume changes based on volume last few minutes and small percentages, don't want to be a hog. Best to stay hidden. Not going to display percentages, too personal.